I still do not know, but I am beginning to think that this management team has an eye for misplaced bets and deep value.Ella RuthAmerican Brewing Company, Inc. Acquires Bucha Live Kombucha and Expands Distribution to 80% of North America
EDMONDS, WA / ACCESSWIRE / April 6, 2015 / American Brewing Company, Inc.(NYSE:R), (PINKSHEETS: ABRW) ("ABC"), an award-winning micro-brewing company based out of the Pacific Northwest, today announced that it has purchased the bùcha(NYSE:TM) live Kombucha brand. As the wholesome beverage provider of bùcha(TM) live Kombucha, the new offering will make a healthy addition to the American Brewing Company's growing beverage portfolio. See www.mybucha.com.
ABC will continue to deliver probiotic, non-GMO, gluten free, organic-certified, sparkling, bùcha(TM) live Kombucha tea products of unprecedented quality. "This proprietary method of making bùcha(TM) live Kombucha, designed by Technical Director Frank Commanday, is revolutionary. It allows us to create efficiencies and superior products in our family of Kombuchas," according to Chuck Santry (incoming COO). The rise of Kombucha (the style) and craft beer demand in recent years represents the growing taste for brewed beverages in America. bùcha(TM) live Kombucha and craft beer share a similar brewing process, and this new partnership represents a strong step in diversifying beverage offerings for ABC. "With this first step, we solidify our diversification into the full beverage industry," said Neil Fallon, CEO of American Brewing Company.
"Last year American Brewing Company increased its brewing capacity six-fold, however with this acquisition we now have a contract with UNIX-packaging that has a 125,000 square foot state-of-the-art bottling facility. With the marriage of the two companies we increase our product offerings and reach."
The business was acquired for a combination of $260,000 cash, a $140,000 note payable and $500,000 in American Brewing Company restricted stock.
This is another trifling pennystock, all who enter should do so with capital that they do not need and can afford to loose.
Disclosure: The author is long LESS THAN 5001 SHARES.